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FEDERAL POLICY

Newsbrief: Federal insurance bill has bipartisan support

Senate

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By Alex Halperin
09/18/2026 06:08 PM GMT-0700
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Companion bills that would enable cannabis operators to purchase insurance have bipartisan support in both houses of Congress. Support hardly guarantees passage however. Bills to allow banking access have passed the House of Representatives multiple times before failing to reach the President's desk.

This week Reps. Nydia Velázquez (D-N.Y.) and Warren Davidson (R-Ohio) introduced the Clarifying Law Around Insurance of Marijuana (CLAIM) Act. The bill would shield . . .

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Filed Under:
Congress, Federal, Insurance

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